Continuing claims 1948K vs. 1935K estimate

The US initial jobless claims came in close to expectations at 244K vs 240K estimate. The prior week was revised to 242K from 241K initially reported. The 4-week moving average dipped to 242.25K vs 245K revised. The claims data is remaining steady at the lower levels.

Continuing claims for the week rose a touch to 1948K vs a revised 1942K last week and an estimate of 1935K.

The largest increases in initial claims for the week ending June 17 were in Maryland (+2,274), Wisconsin (+1,782), California (+1,614), New Jersey (+1,432), and Pennsylvania (+1,135).

The largest decreases were in Illinois (- 1,966), New York (-1,784), Georgia (-1,650), Florida (-1,600), and Puerto Rico (-1,162).